Home > Fitch Sees No Immediate Impact on Fiat's Rating From Chrysler Buyout

Fitch Sees No Immediate Impact on Fiat's Rating From Chrysler Buyout

Newswire

(The following statement was released by the rating agency) BARCELONA/LONDON, January 02 (Fitch) Fitch Ratings says that the agreement reached by Fiat Spa (BB-/Negative) with VEBA Trust for the acquisition of its remaining equity interests in Chrysler Group LLC (Chrysler) has no immediate impact on Fiat's rating, with a relatively modest increase in Fiat Group's consolidated balance sheet.
However, ring-fencing of Chrysler's debt remains an issue as it continues to limit ...

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